Skip to comments.Despite activist pressure on gun makers, Wall St has a hard time dumping the gun industry
Posted on 02/15/2018 9:13:41 PM PST by NoLibZone
After the mass shooting and killing of schoolchildren in Newtown, Connecticut, in late 2012, activists made an appeal to Wall Street money managers: sell your stock holdings of gun makers and gun sellers.
It was a similar argument activists had made to exert pressure on tobacco and big oil companies. But while their message got a sympathetic ear from several high profile pensions and consumer advocacy groups, in practice it hasn't been so easy for the finance world to dump the gun industry.
Indeed, two of the world's biggest money managers, BlackRock and Vanguard, are among the top shareholders of three of the biggest publicly traded gun manufacturers as well as some of the biggest gun retailers.
BlackRock, with $6 trillion under management, is the top shareholder of American Outdoor Brands, the renamed Smith & Wesson, with 10.5 percent of shares. It holds 16 percent of Sturm Ruger & Co., 11.9 percent of Vista Outdoor and 9 percent of Orbital ATK.
(Excerpt) Read more at cnbc.com ...
Goldman Sachs put the Bass Pro and Cabelas deal together.
GS is the nations largest gun seller.
Maybe this means my American Outdoor Brands will get off the floor. So far I have lost half my investment.
"...Divest! Divest! Divest!..."
Dumping stocks for political reasons doesn’t affect the company. If Apple goes to 2 dollars a share it would still be making billions.
IT”S NOT THE FREAKING GUNS.
It isn’t even, first off, the shooters.
It’s your Da*n gov’t- WTFU/
I keep sending these to all my reps - from local to the WH - Will YOU people bother. I won’t hold my breath.
MONEY. POWER. POLITICAL AGENDA.
WAKE UP, people!
I know I will be buying a .308 very soon.
Just as with cars, guns never have or ever will be the problem as it is what the owners of them will do with them. You could use the same argument for our government armed to its teeth, as long as there are no intentions to use it for a wrongful purpose I never have or will have an issue with it. The problem is that over time the mindset of the general public has been on a decline in regards to integrity, honesty and what whatever behavior meets acceptable standards. And those acceptable standards have been on a steady decline sorry to say. And the left has contributed more than enough of their fair share of continuously removing as many guardrails of whatever keeps the general public on a straight line, and now we are suffering the consequences.
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